Notified on 31 October 2006, this merger consists of the acquisition of sole control of Grupo Soares da Costa SGPS, SA - Sociedade Aberta (henceforth GSC) by Investifino - Investimentos e Participações SGPS, SA (henceforth Investifino), following the preliminary announcement of the launch of a bid to purchase 100% of the shares representing the registered capital of GSC.